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ខ្មែរ Projects Development
Cambodia Approves Over 1,600 Construction Projects in H1 2024 Amid Declining Investments
- 9 August 2024
In the first half of 2024, Cambodia's Ministry of Land Management, Urban Planning and Construction greenlit 1,642 construction projects, marking an 11% decrease from the same period last year. The approved projects span a total area of 6.14 million square metres, representing a 9.8% decline, with investment capital totalling US$2.53 billion, down 8.1%, according to a Socio-Economic Trend Report...
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Cambodia Approves 44 New Investments Worth US$396m in July
- 7 August 2024
In July 2024, the Council for the Development of Cambodia approved 44 new investment projects, including 41 new ventures and three production expansion projects, totalling US$396 million and creating 25,000 jobs. This significant investment approval highlights Cambodia's growing attractiveness to investors. Among the 44 projects, 31 are located outside the Special Economic Zones (SEZs) and 13 w...
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Four Cambodian Provinces in the Development Triangle Secures US$3.7bn in 105 Investment Projects
- 7 August 2024
Cambodia's four provinces within the Development Triangle (CLV) have attracted 105 investment projects worth US$3.7 billion, creating over 160,000 jobs. This announcement was made by Dr Ky Sereyvath, an economist from the Royal Academy of Cambodia, during a presentation on 2 August 2024. The Development Triangle, comprising the provinces of Kratie, Stung Treng, Mondulkiri, and Ratanakiri, has s...
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Gov’t Backs 24 Stalled Projects in SHV with $129m Investment
- 5 August 2024
The government is reinforcing support for 24 projects in Sihanoukville, involving a total investment of US$129 million, including both stagnant buildings and those currently under development. This was disclosed by the task force on their official Facebook page on 31 July 2024. From February to June 2024, the task force facilitated incentives for 61 projects, amounting to a combined investment ...
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Cambodia Launches Groundbreaking for the US$1.7bn Funan Techo Canal Project
- 5 August 2024
The construction of Cambodia's monumental US$1.7 billion Funan Techo Canal project was officially inaugurated by Prime Minister Hun Manet on 5 August 2024. This historic canal aims to revolutionize the country's economic landscape and trade strategies within Southeast Asia. The Funan Techo Canal, spanning 180 km, is a collaboration between Cambodian investors, who hold a 51% stake, and state-ow...
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Global Supply Chain Shift from China, While Thailand Emerges as Key Player
- 4 August 2024
Thailand has positioned itself as a prime investment destination in the ongoing supply chain reformation from China, attracting substantial investment across key industrial clusters over the next decade, according to Michael Glancy, Country Head of JLL Thailand. This shift, driven by the need for supply chain diversification, is detailed in a recent report by Jones Lang LaSalle (JLL) published by ...
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Korea Commits US$10m to Transform 30 Villages in Northwestern Cambodia
- 3 August 2024
The Government of Korea, through the Korea International Cooperation Agency (KOICA), has committed US$10 million to develop 30 villages in Battambang, Banteay Meanchey, and Pailin provinces over five years from 2022 to 2026. The project aimed at boosting agricultural incomes, enhancing governance capacity for rural development, and improving access to essential services, according to KOICA's offic...
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New National Assembly Building in Cambodia Reaches 57% Completion with Vietnam’s US$25m Grant
- 2 August 2024
The construction of Cambodia's new National Assembly building, funded by a US$25 million grant from Vietnam, has reached 57% completion. The project committee, led by National Assembly President Khuon Sodary, reviewed progress on 31 July 2024. During the meeting, TCV, an international construction company, reported that although the project was initially expected to be completed by August, COVI...
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Golden Port SEZ to Establish 270-Hectare SEZ Along Sihanoukville Expressway
- 30 July 2024
Golden Port SEZ Development Co., Ltd. has unveiled plans to establish a 270-hectare special economic zone along the Phnom Penh-Sihanoukville Expressway, aiming to bolster industrial diversification in Cambodia. The announcement was made following a meeting on 29 July 2024 between Mr. Chea Vuthy, Secretary General of the Cambodian Investment Committee, and Mr. Kaing Leng, Chairman of Golden Port SE...
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VinFast Invests US$200m in New Indonesian Plant, Aiming for 50,000 Cars Annually
- 22 July 2024
Vietnamese electric vehicle (EV) maker VinFast has committed US$200 million to establish a new manufacturing plant in Subang, West Java, Indonesia. The facility, which will have the capacity to produce up to 50,000 cars annually, will feature a general assembly line, paint shop, and special test area, creating thousands of local jobs. This information was reported by Global Construction Review on ...
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